---
kind: "section"
citation: "7 C.F.R. § 766.205"
title: "7"
number: "766.205"
heading: "Shared Appreciation Payment Agreement rates and terms."
url: "https://uscodex.org/cfr/7/766.205"
---

# §766.205. Shared Appreciation Payment Agreement rates and terms.

- (a) **The interest rate for Shared Appreciation Payment Agreements is the Agency's SA amortization rate.**
- (b) The term of the Shared Appreciation Payment Agreement is based on the borrower's repayment ability and the useful life of the security. The term will not exceed 25 years.

## Notes

### Authority

Authority: 5 U.S.C. 301, 7 U.S.C. 1989, and 1981d(c).

### Source

Source: 72 FR 63316, Nov. 8, 2007, unless otherwise noted.